Question 1
The Economy Act of 1933
A. provided an infusion of cash into the economy.
B. proposed to balance the federal budget partly by cutting government workers' salaries.
C. gave immediate pensions to retired war veterans.
D. gave the government authority to curb irresponsible speculation by banks.
E. ordered all federal agencies to cut their workforce by ten percent.
Question 2
The Glass-Steagall Act of 1933 established
A. None of these answers is correct.
B. both the Federal Deposit Insurance Corporation and the Securities and Exchange Commission.
C. the Federal Reserve Board in Washington.
D. the Federal Deposit Insurance Corporation.
E. the Securities and Exchange Commission.
Question 3
To oversee activities in the stock market, in 1934 Congress established the
A. Glass-Steagall Act.
B. Federal Reserve Board.
C. Federal Deposit Insurance Corporation.
D. Federal Emergency Relief Association.
E. Securities and Exchange Commission.
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